What is Accenture Finance Transformation Solution?

It is based on the latest SAP technology—ECC 6.0 and SAP BW-BO—and has been migrated to HANA.

The solution is a project accelerator. It reduces project implementation and maintenance efforts in terms of time, cost and risk. It contains a full range of documentation—covering process, development, training and master data.

AFTS provides a complete set of project deliverables for all transformation phases.

It leverages Accenture's finance transformation know-how, and best practices honed over the last 10 years.

The solution is compliant with local accounting standards as well as International Financial Reporting Standards (IFRS). It is currently being enhanced with Solvency 2 Pillar 3 QRTs.

What AFTS Can Do

AFTS offers a tailor-made solution for banks and insurance companies, bolstered by best practices and live system support.

AFTS offers centralized finance and accounting processes, including accounts payable, accounts receivable, month-end close and balance sheet reconciliations. AFTS's business processes fall into these five domains:

The CA&A process domain includes overhead cost follow up (such as budget control), direct and indirect cost allocations, and functional area reporting.

General Ledger (GL) Accounting

Our AFTS solution is based on the SAP New GL module, and covers key bank and insurance GL closing processes such as multi-Generally Accepted Accounting Principles (GAAP) and intercompany reconciliations.

Link between consolidation and accounting established by enbaling-near real time analysis of consolidated statements

What's Built Into AFTS

AFTS innovation roadmap

AFTS is a long-standing Accenture offer that provides finance and risk support to our Financial Services clients. We regularly invest in this asset to ensure it incorporates current best practices and new technology trends. The chart below illustrates the various industry-leading technologies we have baked in to AFTS.